The
rupee on Tuesday lost 24 paise to Rs. 62.08 against the dollar in early trade
on the Interbank Foreign Exchange due to appreciation of the US currency
overseas.
Increased
demand for the dollar from importers also put pressure on the rupee.
Dealers
attributed the rupee's fall to dollar gains against other currencies overseas
and a lower opening of the domestic equity market.
The
rupee had gained nine paise to close at nearly one-month high of 61.84 against
the dollar in yesterday's trade after the government said in the interim Budget
that fiscal deficit this financial year will be capped below target.
Meanwhile,
the BSE benchmark Sensex fell by 21.38 points, or 0.10%, at 20,442.68 in early
trade on Tuesday.
